Global Industrial Company (GIC) vs Titan Machinery Inc. (TITN)

Global Industrial Company and Titan Machinery Inc. are both Industrial Distribution companies. Global Industrial Company is the larger, with a market value of $1.6B against $552.6M — 2.8× the size. Titan Machinery Inc. has negative trailing earnings, so its P/E is not meaningful; Global Industrial Company trades at 18.5×. Global Industrial Company grew revenue faster over the last twelve months: 8.43% against −10.7%. Global Industrial Company has the higher net margin (6.06% vs −2.46%) and the higher return on invested capital (28.3% vs −0.81%). Across the 21 metrics below, Global Industrial Company leads on 15 and Titan Machinery Inc. on 6.

Valuation

Metric GIC TITN Industrial Distribution median
P/E 18.53 n/m 28.81
P/S 1.10 0.23 1.10
P/B 4.63 0.97 3.59
Price to free cash flow 18.16 9.64 22.50
EV/EBITDA 12.92 23.62 15.13
EV/Sales 1.11 0.31 1.31
Earnings yield 5.40% (10.59%) 3.16%
Free cash flow yield 5.51% 10.38% 3.85%

Profitability

Metric GIC TITN Industrial Distribution median
Gross margin 36.37% 16.47% 30.34%
Operating margin 8.06% (0.41%) 8.06%
Net margin 6.06% (2.46%) 4.95%
Free cash flow margin 6.08% 2.43% 4.67%
Return on equity 26.89% (9.71%) 14.29%
Return on assets 14.34% (3.24%) 5.30%
Return on invested capital 28.27% (0.81%) 8.13%

Growth

Metric GIC TITN Industrial Distribution median
Revenue growth (TTM) 8.43% (10.67%) 7.80%
EPS growth (last fiscal year) 17.09% (46.01%) —
Revenue growth, 5-year CAGR 6.03% 11.45% 9.01%
Net income growth, 5-year CAGR 1.97% 0.00% 0.99%

Health

Metric GIC TITN Industrial Distribution median
Debt to equity 0.00 0.38 0.53
Current ratio 2.24 1.35 2.47
Net debt to EBITDA (0.64) 5.85 1.17

Dividend

Metric GIC TITN Industrial Distribution median
Dividend yield 1.81% — 1.54%
Payout ratio 0.42 0.00 0.00

Size

Metric GIC TITN Industrial Distribution median
Market cap 1.57b 552.55m 5.60b

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